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Help pls :) . #12 Question 12 Not yet answered Marked out of 12.00 p Flag question Question #2 a. A mutual fund charges an
Help pls :) . #12
Question 12 Not yet answered Marked out of 12.00 p Flag question Question #2 a. A mutual fund charges an 8% front-end load and reports an expense ratio of 2.75%. If an investor plans on holding a fund for 40 years, what is the average annual fee, as a percent, paid by the investor? (6 points). A mutual fund reported total year-end assets of $2,550,000,000. Determine the expense ratio if total fees amounted to $19,580,000. (6 points)Step by Step Solution
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